Kinpo Group is a Taiwanese based company and they have just announced their own 3D printers: XYZprinting. The new printers are aimed at the entry-level and mid-range segment. With printers starting at $499, they are certainly on the right track and good certainly give some of the current manufactures a run for their money.
Kinpo Electronics, a subsidiary of the Kinpo conglomerate are launching the 3D printer, while the company will promote and display their printers in the market via retail outlets, with the first ones displayed in 18 Vibo Telecom stores by December. The XYZ printers have been created via a joint venture by two Kinpo subsidiaries — Kinpo Electronics Inc. and Cal-Comp Electronics and Communications Co.
“Kinpo will pioneer the 3D printer market in Taiwan and further strengthen its deployment in the segment in the next 2-3 years”, said Kinpo company chairman Rock Hsu.
Kinpo is currently accepting pre-orders for the new printers. The “da Vinci” model 3D printer will launch before the end of the year according to Kinpo. Priced only $USD499, the new 3D printer is designed to meet the demand in the future that every family needs a 3D printer, whilst being inexpensive.
XYZprinting Chairman Simon Shen has set a global sales target of over 1 million units over the next three years. This will be achieved by expanding XYZprinting’s market to the United States, Japan and Europe in the first quarter of 2014 by partnering with online stores and retailers there.
“3-D printers are not almighty, but we believe that this technology will gradually replace people’s day-to-day household item purchases,” Shen said at a press conference to launch the new printer.
Rock Hsu believes that XYZprinting will be a long term investment rather and expects the new company will not turn a profit from its 3D printers in the next one and a half years. But Kinpo will use its experience in supplying Hewlett Packard and other major computer manufactures to its advantage.